Nuclear power is no longer an economically viable source of new energy in the United States, the freshly-retired CEO of Exelon, America’s largest producer of nuclear power, said in Chicago Thursday.
And it won’t become economically viable, he said, for the forseeable future.
Nuclear power remains a favorite of the Obama Administration, particularly in the form of small and modular new reactors. But Rowe’s pessimism about nuclear power reinforces statements made by other nuclear experts since the Fukushima nuclear accident in Japan.
However, Rowe did not touch upon the political vulnerability of nuclear power since the Fukushima accident. His argument was economic and, he added, paints a picture that Exelon itself does not savor.